Real Estate Market Report for
Canmore, AB

Updated : Aug 2016
House
  • Median price $799,900
  • Monthly growth 97.50 %
  • Quarterly trend
  • Stock on market 0.75%
Apartment
  • Median price $429,900
  • Monthly growth 26.81 %
  • Quarterly trend
  • Stock on market 0.64%
Canmore Home Price

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Canmore was Canada’s 113th most expensive suburb by listed median house price this month.

Canmore, Alberta has a median house price of $799,900 when compiling all the home listings in Aug .

Canmore’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.

Alberta has the fourth most amount of properties available to property investors, with Canmore having 47th most in the province, out of a total of 339.

As one of Alberta’s many potential real estate investment neighbourhoods, Canmore needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.

Canada’s national median home listing price this month is $244,900, which means that Canmore is in the top 20% for Canada.

With Canmore’s median house price at $429,900 in Aug , it is high priced compared to the rest of Alberta.

2 bedroom properties are the most common available for real estate investors this month in neighbourhood.

This month we track 13th neighbourhoods in Alberta, and Canmore has the 13th most choice available for real estate investors.

It’s never an exact art, but to try to forecast how property is going to appreciate in Canmore for investors, it’s important to look at data like:

Over the last three months in Canmore, housing stock available seems to be falling – this could mean that homes values might increase faster.

Beds Median price (House) Median price (Apartment)
1 bedroom $210,000
2 bedrooms $512,800 $374,000
3 bedrooms $679,350 $728,800
4 bedrooms $999,000 $693,000
5 bedrooms $967,450
Demographics
  • Population in 201112288
  • Population in 200612039
  • 2006 to 2011 population change (%)2.1
  • Total private dwellings7973
  • Private dwellings occupied by usual residents5176
  • Population density per square kilometre178.4
  • Land area (square km)68.9
  • Age Characteristics
    Total population by age groups 12290
    0 to 4 years 645
    5 to 9 years 585
    10 to 14 years 620
    15 to 19 years 645
    15 years 125
    16 years 135
    17 years 120
    18 years 135
    19 years 135
    20 to 24 years 685
    25 to 29 years 930
    30 to 34 years 1040
    35 to 39 years 1010
    40 to 44 years 1020
    45 to 49 years 1095
    50 to 54 years 1025
    55 to 59 years 995
    60 to 64 years 745
    65 to 69 years 465
    70 to 74 years 280
    75 to 79 years 205
    80 to 84 years 160
    85 years and over 130
    Median age of the population 39.9
    % of the population aged 15 and over 84.9
  • Marital Status
    Total population 15 years and over by marital status 10430
    Married or living with a common-law partner 6490
    Married (and not separated) 5075
    Living common-law 1415
    Not married and not living with a common-law partner 3940
    Single (never legally married) 2715
    Separated 260
    Divorced 615
    Widowed 350
    Family Characteristics
    Total number of census families in private households 3530
    Size of census family: 2 persons 2040
    Size of census family: 3 persons 665
    Size of census family: 4 persons 665
    Size of census family: 5 or more persons 160
    Total number of census families in private households 3530
    Total couple families by family structure and number of children 3150
    Married couples 2450
    Without children at home 1275
    With children at home 1175
    1 child 455
    2 children 585
    3 or more children 140
    Common-law couples 705
    Without children at home 515
    With children at home 180
    1 child 110
    2 children 55
    3 or more children 15
    Total lone-parent families by sex of parent and number of children 380
    Female parent 280
    1 child 180
    2 children 75
    3 or more children 20
    Male parent 95
    1 child 70
    2 children 25
    3 or more children 5
    Total children in census families in private households 2875
    Under six years of age 780
    6 to 14 years 1070
    15 to 17 years 360
    18 to 24 years 520
    25 years and over 145
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 11995
    Number of persons not in census families 2440
    Living with relatives 130
    Living with non-relatives only 1000
    Living alone 1305
    Number of census family persons 9555
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 1140
    Number of persons not in census families aged 65 years and over 320
    Living with relatives 15
    Living with non-relatives only 20
    Living alone 280
    Number of census family persons aged 65 years and over 815
    Total number of private households by household type 5175
    Census-family households 3490
    One-family-only households 3215
    Couple-family households 2905
    Without children 1635
    With children 1270
    Lone-parent-family households 315
    Other family households 270
    One-family households with persons not in a census family 230
    Couple-family households 180
    Without children 110
    With children 70
    Lone-parent-family households 50
    Two-or-more-family households 45
    Non-census-family households 1690
    One-person households 1305
    Two-or-more-person households 380
    Total number of occupied private dwellings by structural type of dwelling 5175
    Single-detached house 2475
    Apartment, building that has five or more storeys 10
    Movable dwelling 0
    Other dwelling 2685
    Semi-detached house 430
    Row house 900
    Apartment, duplex 250
    Apartment, building that has fewer than five storeys 1095
    Other single-attached house 10
    Total number of private households by household size 5175
    1 person 1305
    2 persons 2135
    3 persons 815
    4 persons 705
    5 persons 175
    6 or more persons 45
    Number of persons in private households 11990
    Average number of persons in private households 2.3
Census 2011

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